Real Estate
More land use activity
The folks at the Seattle DPD must be working overtime – a 40-story Belltown tower gains conditional approval, plus design review meetings for an artist lofts project and more apartments.
Resale Certificate Fee Cap Increased
The fee cap for condo Resale Certificates in Washington State to increase 83%.
Four Seasons staves off financial turmoil
The Four Seasons Private Residences restructures it debt amid stagnate sales while 1521 Second closes more units and is now 80% sold.
Condo and Land Use Updates
Land Use application filed for Hjarta Condo phase 2, Trace North and Trace Lofts are closing out, Harborside Condos offering steep price reductions.
Seattle Condo Market Update – March 2011
Seattle’s median sales price declined 7.9% to $268,000, though condo sales are on the rise shifting back to towards normalized market conditions.
Cristalla Condo Auction – Unit #1807
A single property auction for Cristalla #1807 is scheduled for April 19, 2011.
Notable Land Use Action
Recent notable land use bulletins including the resurrection of the Cameo project, Belltown apartment towers and two new apartment developments in South Lake Union.
Seattle Condo Project Updates
Project updates for Eleven Eleven East Pike, 1521 Second, Trace North, the Decatur and Olive 8’s Spring sales event.
Condo HOA News, Tips and Updates
The Washington State Legislature proposes increasing the Resale Certificate fee & revising reserve study guidelines; advice for planning repairs and handling delinquencies from owners and banks.
FHA Mortgage Insurance Premium Increases
FHA’s monthly mortgage insurance premium rate will increase as of April 18, 2011 by 0.25%, which could increase monthly mortgage payments by as much as $100.
